BR Properties S A : Material Fact - Sale of Asset Stake

BR PROPERTIES S.A. CNPJ 06.977.751/0001-49NIRE 35.300.316.592 "Public Company"

MATERIAL FACT

BR PROPERTIES S.A. ("Company") (BRPR3), pursuant to the provisions of the Brazilian Securities and Exchange Commission ("CVM") Instruction 358, dated January 3, 2002, as amended, informs the public that, on this date, a Private Instrument of Sale and Purchase Agreement of Ideal Fraction with Suspensive Conditions and Other Covenants ("SPA"), was entered into by and between Company and FUNDO DE INVESTIMENTO IMOBILIÁRIO - VBI PRIME PROPERTIES, real estate investment fund constituted as a closed condominium, CNPJ/ME under No. 35.652.102/0001-76, represented by its administrator, BTG PACTUAL SERVIÇOS FINANCEIROS S.A. DTVM, CNPJ/ME under No. 59.281.253/0001-23, aiming the sale of 20% of the property ideal fraction, named "JK Complex - Tower B" ("Property"), located in the City and State of São Paulo.

The sale comprises 20% of the Property ideal fraction, equivalent to a gross leasable area (GLA) of 6,126 sqm, for the total amount of BRL 184,699,999.00 (one hundred and eighty-four million, six hundred and ninety-eight nine thousand reais), or BRL 30,150 per sqm of GLA. The execution of the referred transaction is subjected to overcoming suspensive conditions set forth in the SPA. The SPA also includes the possibility of an additional sale up to 25% of the Property, also subject to the fulfilment of suspensive conditions.

This sale reinforces the Company's successful strategy of recurrently recycling part of its portfolio with attractive returns, as well as of continuously optimizing its capital structure.

The Company will keep its shareholders and the public informed of any progress of the transaction.

São Paulo, June 30, 2021

André Bergstein

CFO and Investors Relations Officer